Qbank - Risk management

[FrankCFA]

[questions and answers removed by admin]

 

[pokhim]

B and B

 

[perdition]

A
B

 

[jmsp]

B,B

 

[June06]

1. monitoring and evaluation systems => Eliminate A and B => C
2. B.

 

[arigolden]

1. C (Performing diagnostics sounds like monitoring and evaluating)
2. B (because the effect is temporary…?)

 

[CFA300]

C
B

 

[FrankCFA]

1. Answer: C
Monitoring and evaluation includes the ability to easily identify data problems, identify position limit violations, perform diagnostics on pricing and VAR measures computed by the analytics system, and allow for risk adjustments and performance evaluation.

2. Answer: B
Meinrod should advise the risk management committee that they should take no action at all. In most cases, when there is a risk management problem that is viewed as temporary, the best course of action is often to take no action at all.

 

[sachin_patel]

1. A
2. B

 

[sachin_patel]

yay 50%